Private and Public Cloud Market in the Financial Services Industry to grow by USD 90.17 billion between 2022 - 2027, Growth Driven by Growing demand for virtually unlimited storage and big data - Technavio
NEW YORK, Sept. 11, 2023 /PRNewswire/ -- The Private And Public Cloud Market in the Financial Services Industry report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the private and public cloud market in the financial services industry between 2022 and 2027 is USD 90.17 billion. The growing demand for virtually unlimited storage and big data is a major factor driving the global private and public cloud in the financial services market growth. One of the most data-intensive industries is financial services as they are built on large IT infrastructures that process substantial volumes of data on a daily basis. Additionally, the large volumes of data, the use of different applications and systems, confidential information, and error-prone manual processes prevent financial institutions from gaining a holistic view of the business, related risk exposure, and customers. Hence, such factors drive the market growth of the market during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
Data security and privacy are major challenges impeding the global private and public cloud in the financial services market growth. The financial services industry functions and deals with a substantial amount of confidential client and customer data. Since bank account information, debit or credit card data, and business data for business transactions. Furthermore, the rise in data privacy regulations and potential threats to reputation related to data breaches increase the demand for data privacy policies. Hence, such challenges hinder the growth of the market during the forecast period. Learn about additional key drivers, trends, and challenges available with Technavio. Read a Sample PDF Report Now
The private and public cloud market in the financial services industry has been segmented by service type (SaaS, IaaS, and PaaS), Deployment (Public cloud and Private cloud) and Geography (North America, Europe, APAC, South America, and Middle East and Africa).
Key Companies in the private and public cloud market in the financial services industry:
Accenture Plc, Acumatica Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Eze Castle Integration Inc., Fiserv Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Infosys Ltd., International Business Machines Corp., Jack Henry and Associates Inc., Microsoft Corp., Rackspace Technology Inc., Red Hat Inc., Salesforce.com Inc., VMware Inc., Oracle Corp.
Telecom Cloud Market size is estimated to grow by USD 31,531.25 million between 2022 and 2027 accelerating at a CAGR of 20.89% during the forecast period. This telecom cloud market report extensively covers market segmentation by deployment (public, private, and hybrid), end-user (large enterprises, small, and medium enterprises), and geography (North America, Europe, APAC, South America, and Middle East and Africa). Rising enterprise mobility and the need to improve efficiency notably drive market growth.
The Cloud Security Solutions Market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing the growth of 8.11% and a CAGR of 15.16% with a market size of USD 8.63 billion during the period of 2021 to 2026. Furthermore, this report extensively covers the cloud security solutions market segmentation by end-user (BFSI, healthcare, retail, government, and others), component (cloud IAM, cloud e-mail security, cloud DLP, cloud IDS/IPS, and cloud SIEM), and geography (North America, Europe, APAC, the Middle East and Africa, and South America). The regulatory requirements encouraging the use of security solutions globally are notably driving the cloud security solutions market growth.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Service Type
Market Segmentation by Deployment
Market Segmentation by Geography
Drivers, Challenges, & Trends
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